NSE

Week on week turnover at the Nairobi Securities Exchange (NSE) declined by around Ksh700 million in the week ended May 24 as against the week ended May 17.

The fall took equity turnover at the bourse to Ksh2.5 billion on 101 million shares. During the previous week, the NSE had managed 109 million shares valued at Ksh3.2 billion.

Bond market turnover however rose to Ksh11.2 billion compared to Ksh10.5 billion posted the previous session.

In terms of individual counters, Safaricom was the week’s main feature with 40 million shares valued at Ksh1 billion. This represented around 40% of the week’s traded value.

The giant telco transacted at between Ksh26 and Ksh27 over the course of the week..

Other top contributors to the week’s traded value include Co-op Bank (Ksh109 million), Equity (Ksh304 million), EABL (Ksh387 million) and KCB (Ksh291 million).

Weekly Sectors summary

Banking Sector – Ksh769 million (30.51%)

Commercial & Services Sector – Ksh103 million (4.11%)

Energy & Petroleum Sector – Ksh72.6 million (2.88%)

Insurance Sector – Ksh34 million (1.36%)

Manufacturing & Allied Sector – Ksh413 million (16.39%)

NSE Indices

  • The NSE 20 share index was down 18.78 points to stand at 2646.74.
  • All Share Index (NASI) was up 1.13 points to stand at 146.46.
  • The NSE 25 Share index gained 18.71 points to settle at 3546.23.

Gainers and Losers

Longhorn Publishers finished May 23 as the day’s highest movers.

With the bourse closing for the weekend, the publishing firm had jumped 8.83% to Ksh6.90.

Carbacid Investments was also among the day’s top gainers, inching 8.23% upwards to Ksh8.94.

National Bank of Kenya (NBK) finished within the top three of Friday’s trading session, jumping 7.82% to Ksh4.

On the decliners tab, Home Afrika shed 8.45% to Ksh0.65.

Eaagads, EABL and Equity were also on the loser’s index, at 2.65%, 2.44% and 2.41% respectively.

Safaricom, who had traded less than one million shares yesterday, topped the day’s volumes counter with 12.1 million shares moved.

Co-op Bank and Equity also moved more than one million shares, at 2.4 million and 1.49 million respectively.

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